Micron Technology: If AI Has Legs, The Stock Can Fly (NASDAQ:MU)

Summary

• Micron Technology, Inc. is a key player in AI infrastructure, with memory demand poised to break historic business cycles and drive long-term growth.
• AI-driven demand is boosting DRAM/NAND markets, supporting higher margins and revenue growth, especially in data center/server segments through 2027.
• Despite strong fundamentals, Micron trades at low valuations, 6.1x P/CE or a 0.4x PEG, offering significant upside if the market recognizes its pivotal AI role.
• I rate MU stock a Buy, expecting AI adoption to fuel sustained growth and a potential doubling of the stock to US$259 as the sector re-rates.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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